Can bitcoin improve the economy of a country?

[Rinder]

Most people does the impossible to keep their earning hiden from their countries, where i live there are people wich deal just a limited size of coins to avoid be taxed, with that said bitcoin does damage in the general because no one wanna to show off all his portfolio neither pay some fee over the hard profit earned.

[Fireblade]

I do not know about a whole country, but I know Bitcoin can help individuals in poor countries because it is kind of easy to earn Bitcoin nowadays. Maybe it will help countries, but first it has to become a countries main currency.

yes through different way bitcoin can really improve the economy of a country. for example bitcoin is providing opportunities to the people to make money, it is really raising the economic condition of the people. it is one of the best way of earning money for those people who do not have any day job and are jobless, at least by joining a signature campaign they can earn pocket money for free without investing anything,

[Carmen_Sandiego]

Countries with a weak currency can greatly benefit from this. In fact, the presence and importance of Bitcoin is something that can be noticed strongly in such countries, as Venezuela.
No one wants to depend on a currency with astronomical inflation rates, and Bitcoin is one of the few affordable alternatives for a large portion of the population of such countries.

[ipungadhi]

Yes, definitely bitcoin can play a substantial role in changing the economy especially when its use becomes legitimate. The government then can earn from taxes thus increasing the country revenue which can be use to enhance and improve the countries economy.

This idea is good enough to benefit both. Symbiotic mutualism for bitcoin and government users. But the problem is how to give tax to bitcoin users?

[syaripudin]

I think bitcoin can overcome the problems of a country, because every citizen, can access it through social media without difficulty in its start

[azguard]

Yes, definitely bitcoin can play a substantial role in changing the economy especially when its use becomes legitimate. The government then can earn from taxes thus increasing the country revenue which can be use to enhance and improve the countries economy.

This idea is good enough to benefit both. Symbiotic mutualism for bitcoin and government users. But the problem is how to give tax to bitcoin users?

In some countries you get double tax in other you get no tax at all. This is still far from happening it will take lot of effort in both community and government if they want to integrate it to be fully adopted globally. Each country economy is different from another so it would be very hard to balance all that in one complete unity.

[stevano]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

At least so because if a country there are many people who use bitcoin at least their per capita income will increase, because we know now that bitcoin is very high value, that is the advantage that can be obtained from bitcoin.

[GuppyMan]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

At least so because if a country there are many people who use bitcoin at least their per capita income will increase, because we know now that bitcoin is very high value, that is the advantage that can be obtained from bitcoin.

Bitcoin will help people to increase their personal financial condition, rather than the state of the country so far it does not need to pay tax for it. This country will not be profitable.

[kpcian]

It's a mixed a concept. Bitcoin​ basically focus on the individual situation. It provides many opportunities to earn money, not only that but also Bitcoin provides a lot of opportunities to create employment platform. People can be wealthy by using Bitcoin, it can be transferred with a little fee or charge. But as a whole, Bitcoin can help an economy a little bit I think.

[Janation]

It's a mixed a concept. Bitcoin​ basically focus on the individual situation. It provides many opportunities to earn money, not only that but also Bitcoin provides a lot of opportunities to create employment platform. People can be wealthy by using Bitcoin, it can be transferred with a little fee or charge. But as a whole, Bitcoin can help an economy a little bit I think.

I think it helps the economy a lot, with bitcoin being circulated in the country, it is added to the money circulating the country, so it is adding the money that circulates the country, it increase the GMP of one's country just like when a guy working overseas and then sending that money way back home. But I don't think bitcoin will make someone wealthy, because if it is, I think we are all wealthy righ now.

[Fireblade]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

At least so because if a country there are many people who use bitcoin at least their per capita income will increase, because we know now that bitcoin is very high value, that is the advantage that can be obtained from bitcoin.

in fact it is providing opportunities to the people who are jobless, such people can even make money without investing their own money, they can earn money from signature campaign. and if some one have a little investment then they can also make  good amount of money by investing small amount of money in trading altcoin. because so many altcoins have good potential to increase their price.

[jayc89]

Countries with a weak currency can greatly benefit from this. In fact, the presence and importance of Bitcoin is something that can be noticed strongly in such countries, as Venezuela.
No one wants to depend on a currency with astronomical inflation rates, and Bitcoin is one of the few affordable alternatives for a large portion of the population of such countries.

I think that the Countries that have a weak Currency can just invest into Bitcoin then make a bunch of money into it and it would eventually help their economy. The people in the Country that invested in Bitcoin won’t need to invest all their money into it and the price of Bitcoin would give them enough money to strive on.

[szpalata]

Since Bitcoin injects more fiat into an economy it has the tendency to improve it if the right decisions are taking by the central authorities if that economy. The exchanges play a big role in this regard.

[Labumi]

Most people does the impossible to keep their earning hiden from their countries, where i live there are people wich deal just a limited size of coins to avoid be taxed, with that said bitcoin does damage in the general because no one wanna to show off all his portfolio neither pay some fee over the hard profit earned.

Yahh, there are indeed some people who use bitcoin because they felt that what owned should not be taxed. So they started using something that is profitable but is not subject to tax. Indeed it's something that is profitable, but it all someday will disappear or will definitely be in the wear of the tax. So the better, don't ever avoid taxes. Because the tax is also beneficial for our.The more you are aware of the existence of tax, then it is as good as good anyway you know all the things that exist in your country
 

[MintCondition]

Most people does the impossible to keep their earning hiden from their countries, where i live there are people wich deal just a limited size of coins to avoid be taxed, with that said bitcoin does damage in the general because no one wanna to show off all his portfolio neither pay some fee over the hard profit earned.

Yahh, there are indeed some people who use bitcoin because they felt that what owned should not be taxed. So they started using something that is profitable but is not subject to tax. Indeed it's something that is profitable, but it all someday will disappear or will definitely be in the wear of the tax. So the better, don't ever avoid taxes. Because the tax is also beneficial for our.The more you are aware of the existence of tax, then it is as good as good anyway you know all the things that exist in your country
 

This one of the good features of btc it is not prone to tax since it will ne hard to determined how can it be implemented, we also have a sense of privacy since we can control and grow our money without banks.

[BeGoods]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

At least so because if a country there are many people who use bitcoin at least their per capita income will increase, because we know now that bitcoin is very high value, that is the advantage that can be obtained from bitcoin.

For now the government will not be able to think about how to benefit from a bitcoin user tax, because that would be very difficult. Bitcoin could make the country's economy better. But not from taxes

[uneng]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

At least so because if a country there are many people who use bitcoin at least their per capita income will increase, because we know now that bitcoin is very high value, that is the advantage that can be obtained from bitcoin.

For now the government will not be able to think about how to benefit from a bitcoin user tax, because that would be very difficult. Bitcoin could make the country's economy better. But not from taxes

Not from taxes, I agree. The money citizens would use to pay taxes they can use to help circulating the country economy, they will have more money to buy stuff, what makes the economy grow.
If they pay taxes the money will go to government pocket and we don't know if it will really be applied for the good of the country citizens, that is why I prefer the first option.

[Pejoh Asu]

I think it is still not possible, it is because the world's economic problems are very complex, poverty, war and the monopoly became a serious problem and not easy to solve.

[Sled]

I think it is still not possible, it is because the world's economic problems are very complex, poverty, war and the monopoly became a serious problem and not easy to solve.

It may be hard to implement since there were a lot of economic problems that we are facing now but once we learn how to ise it properly and if introsuced to everyone .it may give a impact on economics growth just in time when its adoption throughly happen.

If they will find bitcoin that has a potential and if they learn the possibilities of bitcoin usage then they will implement it as soon as possible to their system or country because if bitcoin will be accepted as a currency then it will help the economy of the country to have a faster financial transactions and also a growth to their income from taxing the possible remittances from bitcoin.

[pinggoki]

I think it is still not possible, it is because the world's economic problems are very complex, poverty, war and the monopoly became a serious problem and not easy to solve.

It may be hard to implement since there were a lot of economic problems that we are facing now but once we learn how to ise it properly and if introsuced to everyone .it may give a impact on economics growth just in time when its adoption throughly happen.

If they will find bitcoin that has a potential and if they learn the possibilities of bitcoin usage then they will implement it as soon as possible to their system or country because if bitcoin will be accepted as a currency then it will help the economy of the country to have a faster financial transactions and also a growth to their income from taxing the possible remittances from bitcoin.

Indeed, if they found out the advantages of bitcoin government will try to manipulate it and they will use it to improve their economy. Bitcoin will be a great help to improve our economy when it comes on financial transaction and to growth thier income.